Forex Trading Library

GBP/USD – 09.07.2024

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The GBPUSD pair seems preparing for further advance and moving towards the daily close above the 1.2815 zone.
So far the market failed for the last 2 days to obtain a daily close above 1.2815.
As we see on the chart, prices are facing the first Intraday support around 1.2730 which if managed to hold above, more advance to attack the resistance of 1.2860-90 is expected.
Below 1.2730 more of a drop could hit the market with the support zone 1.2610-25 which could give a chance for a rebound correction.

SUPPORT RESISTANCE
LEVEL1 1.2730 1.2860-90
LEVEL2 1.2610-25 1.3000
LEVEL3 1.2450 1.3140

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